Ensis
Senior Reporter
If the recent quarter's pace continues, 2013 will become a landmark year for saying goodbye to Amerikwa, tax-wise. (And everything else as well.
http://finance.fortune.cnn.com/2013/05/08/citizenship-taxes-irs/?hpt=hp_c5
By Lynnley Browning
Mahmood Karzai
Mahmood Karzai, no longer a U.S. citizen. (And I don't blame him one bit!)
FORTUNE -- Amerikwans are ditching their U.S. passports in record numbers, a sign of growing frustration with a jewish system that taxes U.S. citizens on their global wealth whether they live in Montana or Mongolia. (Apparently the IRS will invade countries to get at a "scofflaw" if he does not pay his taxes, even if he never comes back to Amerikwa)
The latest bold-faced names to relinquish their U.S. citizenship include Mahmood Karzai, a brother of Hamid Karzai, the president of Afghanistan, according to federal data released Wednesday. Also on the list, published quarterly by the Infernal Revenue "Service", is Isabel Getty, the daughter of jet-setting socialite Pia Getty and Getty, jewish oil heir Christopher Getty.
In total, more than 670 U.S. passport holders gave up their citizenship -- and with it, their U.S. tax bills -- in the first three months of this year. That is the most in any quarter since the I.R.S. began publishing figures in 1998. And it is nearly three-quarters of the total number for all of 2012, a year in which the wealthy songwriter-socialite Denise Rich (christened "Lady Gatsby" by Yachting magazine) and Facebook co-founder Eduardo Saverin joined more than 932 other Amerikwans in tossing their passports.
If the recent quarter's pace continues, 2013 will become a landmark year for saying goodbye to Amerika, tax-wise. (And otherwise)
MORE: Offshore account holders win a victory in government tax case
"It's the cumulative effect of the (corrupt) I.R.S. 'jihad' against foreign bank accounts," said Phil Hodgen, an international tax lawyer in Pasadena, Calif. He said growing numbers of Middle Eastern investors were ordering their dual-citizen children to dump their U.S. passports if they wanted to inherit family-owned companies without onerous U.S./ZOG estate taxes.
While dumping citizenship may seem "unpatriotic" or "smack" of tax avoidance to some critics, tax lawyers blame the judeo-byzantine complexity of Amerikwan tax regulations.
The jew rules "are confusing, complex, and so complicated that even Americans with good intentions can easily find themselves running afoul of the (jew) law," said Jeffrey Neiman, a former federal prosecutor who was involved in the government's offshore banking probe and is now in private practice in Fort Lauderdale, Fla. "This very well may explain why we are seeing a record number of Amerikwans renouncing their United States citizenship."
The trend has swelled amid a widening crackdown by the U.S. "Justice" Department on offshore private banking services sold by Swiss and Swiss-style banks to wealthy Americans in recent years. Nearly a dozen foreign banks, include Israel's Bank Leumi, HSBC, Credit Suisse (CS), Julius Baer and Swiss cantonal, or regional, banks are under criminal scrutiny; last year, Wegelin & Co, Switzerland's oldest bank, was indicted and put out of business. More than four dozen wealthy Americans and their foreign bankers have been indicted or charged (unjustly in most cases) in recent years.
More than 39,000 American sheeple have come forward in recent years to declare their secret accounts to the I.R.S. in exchange for reduced fines and penalties, but officials suspect that is a fraction of the total number of people either deliberately hiding or unwittingly not reporting their foreign accounts. I.R.S. data for 2012 shows just over two million tax returns filed in 2012 by overseas Amerikwan sheeple, compared with an estimated six million Americkwaccounts are also filing required disclosures known as Fbars, according to federal data.
MORE: Cracks in objections to Internet sales taxes
Expatriations first picked up pace in 2010, when more than 1,530 Amerikwans dumped their passports. Sparking that uptick, tax lawyers say, was a deal by UBS (UBS), the Swiss bank giant, the year before to disclose more than 4,000 American client names to the criminal cartel I.R.S. and pay a record $780 million for selling offshore services that violated U.S. tax laws.
In January, Karzai told Radio Free Europe/Radio Liberty's Radio Free Afghanistan that "the reason I gave up my U.S. passport and citizenship is that I have been working in Afghanistan for the past 12 years," according to a transcript. He added that "I might become politically active, therefore I decided to give up my [U.S.] passport." Karzai could not immediately be reached for comment.
Karzai is a shareholder of the scandal-plagued Kabul Bank, Afghanistan's largest bank that nearly collapsed due to (jewish) fraud, according to global media reports in March. Jewboy Getty, a student at New York University, according to her Facebook page, could not be immediately reached, and emails to her mother, a filmmaker in London, were not immediately returned.
Update: An earlier version of this story incorrectly stated that the criminal cartel, the IRS began reporting this information in 2008. It began reporting it in 1998.
:barf2:
http://finance.fortune.cnn.com/2013/05/08/citizenship-taxes-irs/?hpt=hp_c5
By Lynnley Browning
Mahmood Karzai
Mahmood Karzai, no longer a U.S. citizen. (And I don't blame him one bit!)
FORTUNE -- Amerikwans are ditching their U.S. passports in record numbers, a sign of growing frustration with a jewish system that taxes U.S. citizens on their global wealth whether they live in Montana or Mongolia. (Apparently the IRS will invade countries to get at a "scofflaw" if he does not pay his taxes, even if he never comes back to Amerikwa)
The latest bold-faced names to relinquish their U.S. citizenship include Mahmood Karzai, a brother of Hamid Karzai, the president of Afghanistan, according to federal data released Wednesday. Also on the list, published quarterly by the Infernal Revenue "Service", is Isabel Getty, the daughter of jet-setting socialite Pia Getty and Getty, jewish oil heir Christopher Getty.
In total, more than 670 U.S. passport holders gave up their citizenship -- and with it, their U.S. tax bills -- in the first three months of this year. That is the most in any quarter since the I.R.S. began publishing figures in 1998. And it is nearly three-quarters of the total number for all of 2012, a year in which the wealthy songwriter-socialite Denise Rich (christened "Lady Gatsby" by Yachting magazine) and Facebook co-founder Eduardo Saverin joined more than 932 other Amerikwans in tossing their passports.
If the recent quarter's pace continues, 2013 will become a landmark year for saying goodbye to Amerika, tax-wise. (And otherwise)
MORE: Offshore account holders win a victory in government tax case
"It's the cumulative effect of the (corrupt) I.R.S. 'jihad' against foreign bank accounts," said Phil Hodgen, an international tax lawyer in Pasadena, Calif. He said growing numbers of Middle Eastern investors were ordering their dual-citizen children to dump their U.S. passports if they wanted to inherit family-owned companies without onerous U.S./ZOG estate taxes.
While dumping citizenship may seem "unpatriotic" or "smack" of tax avoidance to some critics, tax lawyers blame the judeo-byzantine complexity of Amerikwan tax regulations.
The jew rules "are confusing, complex, and so complicated that even Americans with good intentions can easily find themselves running afoul of the (jew) law," said Jeffrey Neiman, a former federal prosecutor who was involved in the government's offshore banking probe and is now in private practice in Fort Lauderdale, Fla. "This very well may explain why we are seeing a record number of Amerikwans renouncing their United States citizenship."
The trend has swelled amid a widening crackdown by the U.S. "Justice" Department on offshore private banking services sold by Swiss and Swiss-style banks to wealthy Americans in recent years. Nearly a dozen foreign banks, include Israel's Bank Leumi, HSBC, Credit Suisse (CS), Julius Baer and Swiss cantonal, or regional, banks are under criminal scrutiny; last year, Wegelin & Co, Switzerland's oldest bank, was indicted and put out of business. More than four dozen wealthy Americans and their foreign bankers have been indicted or charged (unjustly in most cases) in recent years.
More than 39,000 American sheeple have come forward in recent years to declare their secret accounts to the I.R.S. in exchange for reduced fines and penalties, but officials suspect that is a fraction of the total number of people either deliberately hiding or unwittingly not reporting their foreign accounts. I.R.S. data for 2012 shows just over two million tax returns filed in 2012 by overseas Amerikwan sheeple, compared with an estimated six million Americkwaccounts are also filing required disclosures known as Fbars, according to federal data.
MORE: Cracks in objections to Internet sales taxes
Expatriations first picked up pace in 2010, when more than 1,530 Amerikwans dumped their passports. Sparking that uptick, tax lawyers say, was a deal by UBS (UBS), the Swiss bank giant, the year before to disclose more than 4,000 American client names to the criminal cartel I.R.S. and pay a record $780 million for selling offshore services that violated U.S. tax laws.
In January, Karzai told Radio Free Europe/Radio Liberty's Radio Free Afghanistan that "the reason I gave up my U.S. passport and citizenship is that I have been working in Afghanistan for the past 12 years," according to a transcript. He added that "I might become politically active, therefore I decided to give up my [U.S.] passport." Karzai could not immediately be reached for comment.
Karzai is a shareholder of the scandal-plagued Kabul Bank, Afghanistan's largest bank that nearly collapsed due to (jewish) fraud, according to global media reports in March. Jewboy Getty, a student at New York University, according to her Facebook page, could not be immediately reached, and emails to her mother, a filmmaker in London, were not immediately returned.
Update: An earlier version of this story incorrectly stated that the criminal cartel, the IRS began reporting this information in 2008. It began reporting it in 1998.
:barf2: